美国证券交易委员会 · 6443

Opinion: Changing key provisions of the Clarity Act would cause legislation to fail and should be passed as soon as possible

Comparing news, Summer Mersinger, CEO of the US Blockchain Association (Blockchain Association), wrote that there are less than four weeks left until the US Senate votes to advance the “Clarity Act” debate on September 15. Reopening the provisions that have been under negotiation for several months at this time will not improve the bill; on the contrary, it will restart the unfinished negotiation process, which may eventually lead to the failure of the legislation. Mersinger said that the two proposed revisions proposed by the American Bankers Association (ABA) — replacing the existing standard with substantially similar interest and removing the word “simply” were not simple text adjustments, but major policy changes. She pointed out that similar interest is essentially a flexible legal standard, which may allow regulators to expand the scope of interpretation; and removing Solely will change the scope of application of stablecoin income restrictions in the GENIUS Act and affect the policy boundaries previously set by Congress. Mersinger stated that ABA's concerns that stablecoins may cause bank deposits to be lost have no real basis. The data shows that since the GENIUS Act was passed, bank of America deposits have grown for three consecutive quarters, with a cumulative increase of more than 800 billion US dollars. She stressed that what is really needed to protect consumers is to establish a digital asset regulatory framework. The Clarity Act will clarify the regulatory boundaries between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), require registration of platforms serving US users, and implement customer asset isolation, information disclosure, and conflict of interest management rules. Mersinger finally called on the US Senate not to restart negotiations. The bill has been completed, the relevant work has been completed, and the Senate has an opportunity to push it forward on September 15, and it should be passed directly.

15h ago

Grayscale submits a fifth amendment to the US SEC, and Zcash ETF accelerates

In comparison, according to The Block, Grayscale submitted a fifth amendment to the US Securities and Exchange Commission (SEC) on August 21 to further advance its Zcash ETF listing plan. According to the latest application, the product will officially be renamed “The Zcash ETF”, with an annual management rate of 2.5%. It is planned to be listed under the code “ZCH” on the Arca section of the New York Stock Exchange. The custodian is Coinbase Custody Trust Company, and the transfer agent is Bank of New York Mellon. The ETF will be converted from Grayscale's existing Zcash Trust, which has been in operation since 2017 and currently has over $260 million in assets under management. Previously, in the fourth amendment application, a subsidiary of Grayscale's parent company Digital Currency Group had discussed injecting approximately 200,000 ZEC into the fund.

18h ago

SEC Proposes Reg Crypto: Establishing a Legal Path for the Public Offering of Some Tokens and the Withdrawal of Investment Contracts

Comparing news, Galaxy's research director posted an article on the X platform stating that the US Securities and Exchange Commission proposed the “Crypto Asset Regulation” to regulate Crypto Assets, referred to as Reg Crypto for short. The proposal aims to establish a legal path for some tokens to be issued to the US public and establish a mechanism to terminate investment contracts. The scope of application is limited to cryptographic assets that are not securities themselves but have been issued or sold as part of an investment contract. Tokenized stocks, bonds, and arrangements for bundling tokens with shares or other securities are not within the framework. The proposal establishes four stages: financing, disclosure, construction, and exit. The one-time startup exemption allows issuers to raise $5 million over a maximum period of 4 years; higher exemptions set by reference to Regulation A allow $20 million or $75 million in 12 months. Relevant financing is subject to SEC qualification review and ongoing disclosure. The maximum investment amount for uncertified investors is 10% of those with high annual income or net assets. Issuers are also required to disclose token supply and release plans, minting and destruction mechanisms, governance and smart contract authority, source code, and project construction commitments and progress. When the issuer completes or permanently suspends the relevant construction obligations, does not make new construction commitments, and submits a transition report, the relevant investment contract will be deemed terminated, and cryptographic assets will no longer be subject to the securities law under the investment contract. Issuers that have not used the above financing exemptions can also use this safe harbor. The US Securities and Exchange Commission estimates that approximately 475 issuers will use the safe haven of investment contracts each year, and about 130 issuers will use the two new exemptions. Eligible issuances may not be restricted securities and may be immediately resold without contractual restrictions. The proposal also excludes covered initial offerings and some secondary transactions from state registration and qualification requirements, but it does not involve exchanges, brokers, dealers, escrow, or independent innovation exemptions for tokenized securities and on-chain transactions. The comment period is 60 days after publication in the Federal Register. SEC Chairman Paul Atkins and members Hester Peirce and Mark Uyeda all issued statements of support.

1d ago

Coinbase CEO: CLARITY Act Expected to Receive 60 Senate Votes on September 15

In comparison, Coinbase CEO Brian Armstrong said that the US “Clarity Act” (CLARITY Act) is expected to receive more than 60 votes in the US Senate on September 15, and is confident that it will pass the first key procedural vote after returning to Congress. Brian Armstrong previously said that the CLARITY Act is in the final stages of progress, and the Senate procedural vote requires 60 votes to push the bill forward. The bill aims to establish a US digital asset regulatory framework and clarify the division of responsibilities between the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) in crypto asset regulation. Armstrong believes that regulatory clarification of the US crypto industry is approaching. Whether the CLARITY Act is finally passed or regulators advance through administrative rules, the market will usher in a more clear regulatory environment. Earlier, US President Trump also called on Congress to push for the passage of the CLARITY Act, believing that the bill is of great significance in establishing a digital asset regulation system and enhancing the competitiveness of the US crypto industry. reuters.com However, the bill still faces disputes from some lawmakers over issues such as conflicts of interest and stablecoin regulation, and whether it can be successfully implemented in the end still depends on subsequent negotiations in the Senate. (CoinDesk)

1d ago

FT: Bitcoin is expected to have the best weekly performance in more than three years, and Bezent expands US bond repurchases to weaken the dollar

Comparative news, according to the Financial Times, after US Treasury Secretary Bezent announced the expansion of long-term US bond repurchases, market hedging and currency depreciation transactions heated up, and assets such as Bitcoin and gold rose sharply. Bitcoin rose nearly 8% on Friday, with a cumulative increase of 24% this week. The price surpassed 78,000 US dollars, a new high since May this year, and is expected to record its best weekly performance in more than three years. Gold also performed strongly during the same period. It rose 1.5% to about 4,585 US dollars/ounce on Friday, with a cumulative increase of more than 13% in August, which is expected to be the biggest monthly increase since 1999. Market participants believe that the core factor driving the current market is the expansion of the US Treasury's long-term treasury bond purchase plan. US Treasury Secretary Scott Bessent said earlier that he would at least double the scale of long-term US debt repurchases. The measure reduced the yield on 30-year US Treasury bonds in the short term, but it also raised concerns about the decline in the purchasing power of the US dollar, and the dollar index continued to weaken thereafter. Jefferies chief European economist Mohit Kumar said that gold and crypto assets rose sharply after Bezent announced related measures, further supporting expectations of a weaker dollar. This rise has reignited currency depreciation transactions (Debasement Trade), where investors hedge against the risk of declining fiat currency purchasing power by allocating assets such as gold and bitcoin. Previously, the conflict between the US and Iran led to a rise in inflationary pressure, which once interrupted the logic of this transaction, but now the market has returned to expectations of liquidity easing. In addition to Bitcoin, Ethereum, Solana, and XRP have risen 29%, 17%, and 40%, respectively, over the past week. Previously, the crypto market continued to be sluggish since the fall of last year, and Bitcoin's biggest decline in the past year once reached 31%. Meanwhile, crypto-related stocks rose at the same time: Coinbase is up 16% this week, stablecoin issuer Circle is up 17%, and Bitcoin holding company Strategy is up 21%. Analysts pointed out that Bitcoin's rapid rise triggered a squeeze on bears, and large numbers of short positions were forced to close, further driving up the price. Furthermore, US President Trump's meeting with regulators and heads of crypto companies this week and the introduction of new crypto regulation proposals by the US Securities and Exchange Commission (SEC) were also viewed by the market as good for the industry. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

1d agoburnking

Coinbase CEO: US crypto regulatory clarity may usher in key developments in mid-September

Comparing the news, Coinbase CEO Brian Armstrong wrote that no matter which path is taken, it seems that relevant regulatory clarity will arrive. He listed two possibilities: first, the US Senate received more than 60 votes in support on September 15; second, the US Commodity Futures Trading Commission (CFTC) and the US Securities and Exchange Commission (SEC) introduced a new set of rules on September 16.

1d ago

Multicoin Capital Co-Creation: Pre-IPO perpetual futures should be launched to allow ordinary US investors to share the AI wealth feast

Comparing news, the first US CFTC Innovation Advisory Committee was held this morning. Multicoin Capital co-founder Tushar Jain put forward three suggestions at the meeting. First, it provides a safe haven or innovative exemption mechanism for emerging markets such as computing power derivatives, and allows developers to test new products and business models under a compliance framework. Second, support DeFi's adoption of compliant privacy and confidentiality tools to ensure the privacy of institutional investors' transactions while providing sufficient transparency for regulators to identify and manage systemic risks. Third, support the launch of pre-IPO perpetual futures (pre-IPO perpetual futures), so that ordinary US investors can participate in wealth growth in emerging industries such as AI, and avoid being excluded due to restrictions on private equity market access, or being forced to participate indirectly through special purpose carriers (SPVs) that lack transparency. At the same time, Jain said that he also had discussions with US Securities and Exchange Commission (SEC) Chairman Paul Atkins on the same day, and said he is optimistic about regulators promoting financial innovation and the future development of the US.

1d ago

[Comparing Daily News Picks] Bloomberg: Anthropic's IPO may match or exceed SpaceX's record; Broadcom plans to raise more than 60 billion US dollars and AI chip financing may reach 100 billion US dollars; the US CFTC Innovation Advisory Committee will hold its first meeting on topics including cryptocurrencies, AI, and forecasting markets; US Treasury Secretary Bezent: The maximum bond repurchase limit may exceed $4 billion

Daily AI · Crypto · Macro · Market News, Bitpush helps you focus ↓ AI · News [Bloomberg: Anthropic's IPO may level or even surpass SpaceX's record]. According to Bloomberg quoting people familiar with the matter, the artificial intelligence company Anthropic expects the scale of its IPO to match or surpass the record set by SpaceX. As the AI company speeds up preparations for listing, a large-scale IPO is in the works. People familiar with the matter said that Anthropic is making relevant calculations and is preparing to publicly submit a potential large-scale IPO application as early as the end of this month. They revealed that a recent investor communication meeting hosted by Chief Financial Officer Crao avoided valuation issues. According to the data, the rocket and satellite company SpaceX raised 75 billion US dollars at the time of the IPO, making it the largest initial stock offering in history. That figure eventually rose to $86.2 billion due to the exercise of the so-called over-allotment option. This mechanism is usually activated when stocks rise in the early stages of listing. Anthropic's goals reflect that AI industry leaders are reshaping the technology investment landscape in a very short period of time. Earlier, it was reported that Anthropic's initial revenue for the second quarter was over $11.5 billion, compared to only $787 million for the same period in 2025. By the end of July, the company's annualized revenue operating rate had reached 65 billion US dollars. [Broadcom plans to raise more than 60 billion US dollars, and the AI chip financing scale may reach 100 billion US dollars] According to Bloomberg, citing people familiar with the matter, Broadcom is negotiating an AI chip financing transaction of more than 60 billion US dollars with various lenders. The deal will help AI companies, including Anthropic, obtain chips and other critical AI infrastructure. According to people familiar with the matter, the financing plan could include about $30 billion in subprime debt and about $60 billion to $70 billion in high-security debt. Broadcom will guarantee part of the advanced guarantee debt. If calculated on the scale currently discussed, the overall financing scale could reach up to 100 billion US dollars. Apollo and Blackstone are in talks with Broadcom to participate in this funding. According to the plan, the relevant debt may be issued by a special purpose vehicle (SPV), the transaction may also proceed in stages, and the specific size and structure may still change. [Samsung plans to announce a shareholder return plan of up to 79 billion US dollars] In comparison, people familiar with the matter revealed that Samsung Electronics will announce a new shareholder return plan on Friday, which could be as high as 110 trillion won (79 billion US dollars). People familiar with the matter revealed that Samsung's board of directors is scheduled to hold a meeting at around 4 p.m. local time after the Korean stock market closes, and details of the plan will be announced soon after the meeting. According to people familiar with the matter, the scale of this shareholder return plan is expected to be between 90 trillion won and 110 trillion won. Crypto Market [Franklin Templeton Plans to Introduce Tokenized Assets into Traditional Funds] Comparing news. According to Bloomberg, Franklin Templeton is preparing to introduce tokenized assets into traditional investment funds. The company said its digital native products were approved for traditional funds for the first time after receiving approval from US regulators. According to a letter published by the US Securities and Exchange Commission (SEC) and information disclosed by company executives, Franklin Templeton plans to use his tokenized money market funds for ETFs and mutual funds, both as fund holdings and as collateral. This means that investors who originally invested in traditional funds may include them in their portfolios in the future without actively seeking tokenized assets. [The US CFTC Innovation Advisory Committee will hold its first meeting on topics including cryptocurrencies, AI, and predictive markets] In comparison, Fox Business crypto reporters posted an article on the X platform saying that the US Commodity Futures Trading Commission (CFTC) will hold its first meeting of the Innovation Advisory Committee at 13:00 EST today to discuss cryptocurrency, AI, and predictive markets. A number of executives attending the White House event yesterday will attend, in addition to other leaders from the crypto industry, traditional finance, academia, and predictive markets. [Coinbase CEO: Bitcoin may rise to $300,000 to $400,000 in the next few years] In comparison, Coinbase CEO Brian Armstron was interviewed by FOX Business...

1d agoBitpushNews#Compare Daily Picks

Franklin Templeton Plans to Introduce Tokenized Assets to Traditional Funds

Comparatively, according to Bloomberg, Franklin Templeton is preparing to introduce tokenized assets into traditional investment funds. The company said its digital native products were approved for traditional funds for the first time after receiving approval from US regulators. According to a letter published by the US Securities and Exchange Commission (SEC) and information disclosed by company executives, Franklin Templeton plans to use his tokenized money market funds for ETFs and mutual funds, both as fund holdings and as collateral. This means that investors who originally invested in traditional funds may include them in their portfolios in the future without actively seeking tokenized assets.

2d ago

Garrett Jin: Bitcoin's key resistance range is between $80,000 and $8.25,000, making it difficult to sustain the momentum for a long time

Comparing news, BTC OG insider giant whale agent Garrett Jin wrote that the Bitcoin price broke through the previous fluctuation range of about $65,000 this week, the biggest one-day increase since March, and broke through $70,000. The breakthrough was driven by multiple factors such as the US Treasury's expansion of bond repurchases, the US Securities and Exchange Commission (SEC)'s proposed regulatory framework for the issuance of crypto assets, and the White House Cryptocurrency Summit. Bitcoin has now entered a tight zone formed from the latter half of $60,000 to the low of $80,000, and the first resistance layer has clearly loosened. Bitcoin's current market bottom base is one of the strongest stages since this cycle. Over the past two months, the $60,000 region has accumulated a large number of new holding costs, which has provided some support for this breakthrough. Although this round of gains was partly driven by bear liquidations, and this emptying momentum is difficult to sustain in the long term, short-term momentum may still push Bitcoin to continue upward and increase the probability of breaking through $80,000. However, $80,000 to $82,500 is still a resistance area that needs to be focused on, and whether it can be effectively broken through in the future will depend on trading volume and price trends; if it can continue to absorb chips below $80,000 before breaking through, it may form a healthier upward structure. Additionally, SK Hynix announced the implementation of the largest share repurchase and cancellation plan in the history of the Korean market this week, and promised to return at least 50% of the estimated free cash flow until 2027 to shareholders through stock repurchases and dividends. After the news was announced, SK Hynix's stock price once surged by more than 10%, which led to a strong rise in the Korea Composite Index (KOSPI) to trigger a buyers' fuse mechanism. Analysts believe that this buyback is expected to ease the market's previous concerns about the decline in risk appetite for Korean semiconductor stocks, the liquidation of leveraged ETFs, and the peak of the memory cycle, but it cannot change the cyclical trend of the memory industry itself. This article is sponsored by GENG, Build Your Fortune on GENG (https://geng.one)

2d agoburnking